according to The Block, Thesis, which focuses on Bitcoin ecosystem venture capital, has acquired the Bitcoin rewards platform Lolli to integrate it into its broader ecosystem. The specific terms and amount of the transaction have not been disclosed.

Thesis had previously incubated the Bitcoin rewards platform Fold, which later officially spun off into an independent company. Fold then reached a special purpose acquisition company (SPAC) merger agreement with FTAC Emerald Acquisition Corp. in July 2024, and went public on Nasdaq in February with the stock code FLD.